LEXINGTON CORPORATE PROPERTIES TRUST EXECUTIVE DEFERRED COMPENSATION AGREEMENT

Exhibit 10.13

LEXINGTON CORPORATE PROPERTIES TRUST

EXECUTIVE DEFERRED COMPENSATION AGREEMENT

      This AGREEMENT is effective as of                     by and between Lexington Corporate Properties Trust, a Maryland real estate investment trust (the “Company”) and                     (the “Participant”).

WITNESSETH THAT:

      WHEREAS, the Participant, as an officer of the Company, is eligible to participate in the Lexington Corporate Properties Trust Amended and Restated 2002 Equity-Based Award Plan (the “Plan”);

      WHEREAS, the Company desires to provide an inducement and incentive to the Participant to perform his duties and fulfill his responsibilities on behalf of the Company at the highest level of dedication and competence;

      WHEREAS, the Compensation Committee of the Board of Trustees of the Company has approved the grant of the award to the Participant of the common shares of the Company, par value $0.0001, herein, subject to the terms and conditions of the Plan and this Agreement, in order to incentivize the Participant’s performance and to enable the Participant to acquire an equity interest in the Company;

      NOW, THEREFORE, in consideration of the agreements hereinafter contained and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows:

      1. Grant of Shares.

      (a) Subject to the restrictions and terms and conditions set forth in this Agreement and the Plan, including the Vesting Period (defined in Section 2 hereof), the Company hereby awards to the Participant  common shares of the Company (the “Common Shares”) as of                     .

      (b) The Participant acknowledges that upon receipt of the share certificate(s) registered in his name for the Common Shares, such certificate(s) shall bear the following legend and such other legends as may be required by law or contract:

The Participant agrees to deposit such share certificate(s) upon receipt thereof with the Company together with a share power endorsed in blank or other appropriate instrument of transfer, to be held by the Company until the expiration of the applicable portion of the Vesting Period (hereinafter defined). The foregoing to the contrary notwithstanding, the Participant agrees that, in the Company’s discretion, the Participant’s ownership of the Common Shares may be evidenced solely by a “book entry” (i.e., a computerized or manual entry) in the records of the Company or its designated share transfer agent in the Participant’s name. Upon expiration of the applicable portion of the Vesting Period, a certificate or certificates representing the shares of Comm